PITNEY BOWES INC /DE/ — Director's Dealing 2019

May 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2019-05-03

Reporting Person: FRADIN ROGER (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-03	Common Stock	A	11351.00	$0.00	Acquired	44297.527	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-03	Restricted Stock Units	$0.00	M	11351.00	Disposed		Common Stock (11351.00)	Direct
2019-05-06	Restricted Stock Units	$	A	17301.00	Acquired		Common Stock (17301.00)	Direct

Footnotes

F1: The RSUs were granted on May 7, 2018 and have a one year cliff vesting.

F2: Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes stock.

F3: Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will cliff vest 100% in one year.